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Dec 14, 2012
12/12
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CURRENT
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what's your reaction to the hsbc thing? >> i've been waiting all day to ask you what you think. >> eliot: i just told you. >> as the prosecutor, even people on wall street were blown away by the result of this because you know, the decision to not prosecute in this instance belies everything that the government has ever done with regard to drug prosecutions everywhere. when you think about the way they behave toward ordinary people who get caught up in drug cases where they seize all of your property and they use absolutely the maximum sentence possibly available. a bank launders billions of dollars for colombian and drug cartels and terrorists for years on end and they can't find something to charge them with? >> eliot: they chose not to because it is no longer that they're too big to fail. which we already know. they're too big to indict. too big to prosecute. they're so big -- which we already know. >> but what's so amazing about that is that's exactly the same behavior that hsbc is charged with. taking money to look the
what's your reaction to the hsbc thing? >> i've been waiting all day to ask you what you think. >> eliot: i just told you. >> as the prosecutor, even people on wall street were blown away by the result of this because you know, the decision to not prosecute in this instance belies everything that the government has ever done with regard to drug prosecutions everywhere. when you think about the way they behave toward ordinary people who get caught up in drug cases where they...
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Dec 11, 2012
12/12
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hsbc is also alleged to have laundered money from mexican drug cartels. under the terms of the settlement, the bank will avoid criminal prosecution if it meets certain requirements. >>> one of the more popular parts of president obama's health care law is a provision that stops insurance companies from turning down patients with pre-existing conditions, but it's going to cost the estimated 190 million americans who are already on health plans about $63 per person. the plan is to raise $25 billion over three years. most of it will go to insurance companies to cover unexpected costs incurred by new customers with pre-existing conditions. >>> holiday shopping is leading to more work. a job placement firm says retailers added more than 465,000 seasonal workers last month. that's up 21% from a year ago. >>> and police in australia say apple's map program is potentially life threatening. authorities say several drivers who were on their way to mildura ended up stranded in a nearby state park because they were following the map's directions. now this youtube vid
hsbc is also alleged to have laundered money from mexican drug cartels. under the terms of the settlement, the bank will avoid criminal prosecution if it meets certain requirements. >>> one of the more popular parts of president obama's health care law is a provision that stops insurance companies from turning down patients with pre-existing conditions, but it's going to cost the estimated 190 million americans who are already on health plans about $63 per person. the plan is to raise...
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Dec 11, 2012
12/12
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the penalty for hsbc is $1.9 billion. a senate report says hsbc mexico shipped billions of dollars of cash to the u.s., money believed to be tried to drugs and terrorism. >>> a report sent hewlett- packard soaring leading to a higher dow yesterday. the report says activist investor carl icahn plans to put a stake in hp which helped the stock, down 45% in the year. icahn is said to be worth more than $14 billion and his hedge fund was one of the top performers last year. >>> it's been a record holiday season for seasonal workers. job placement firm challenger, grey and christmas says retailers hired 465,000 seasonal workers last month up 21% from a year ago. and it's the most ever hired in november. challenger says holiday hiring could reach 760,000 by the end of the month. >>> it looks like the new university of california's logo is here to stay. that despite over 42,000 petition signatures against it. let's take a look. the new more modern uc logo came out six months ago and is appearing on more and more uc websites and
the penalty for hsbc is $1.9 billion. a senate report says hsbc mexico shipped billions of dollars of cash to the u.s., money believed to be tried to drugs and terrorism. >>> a report sent hewlett- packard soaring leading to a higher dow yesterday. the report says activist investor carl icahn plans to put a stake in hp which helped the stock, down 45% in the year. icahn is said to be worth more than $14 billion and his hedge fund was one of the top performers last year. >>>...
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Dec 20, 2012
12/12
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KCSM
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hsbc has to pay $2 billion in a money-laundering case. the financial industry is working very hard for its bad reputation. the german dax is up 0.3%. euro stoxx 50 up .3%, and the euro is coming close to $1.30. >> finally good news for the indebted country. the u.s. ratings agency standard and poor's has upgraded greece's credit ratings. their best reading since june 2011. >> the agency they credited the eurozone strong support for greece, and it is committed to keeping athens in the currency. the upgrade comes after the successful creek by that program earlier this month. the former ceo of car maker porsche is facing charges of market manipulation relating to the company's attempt to buy volkswagen back in 2008. >> is accused of denying portion of's takeover plans, although the move was already under way. prosecutors say that had an impact on the share price, and investors were misled. the takeover ultimately failed, and portia was itself bought out by vw. -- porsche itself was bought out by volkswagen. >> 5, 4, 3, 2, 1, and lift off. >>
hsbc has to pay $2 billion in a money-laundering case. the financial industry is working very hard for its bad reputation. the german dax is up 0.3%. euro stoxx 50 up .3%, and the euro is coming close to $1.30. >> finally good news for the indebted country. the u.s. ratings agency standard and poor's has upgraded greece's credit ratings. their best reading since june 2011. >> the agency they credited the eurozone strong support for greece, and it is committed to keeping athens in...
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Dec 11, 2012
12/12
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hsbc says it accepts responsibility for past mistakes. analysts point out the bank will earn back the fine in a little more than one month. >>> new this morning the air force is getting ready for another test flight of new experimental space plane pro row time of the x-37b will blast off into space today from cape canaveral, florida. this video provided by the air force, launch time set for 10 a.m., our time. the vehicle is being developed as reusable unmanned space vehicle. >> in the last hour we learned delta is buying a 49% stake in virgin atlantic airlines, delta wants better access to heathrow in hahn done, the two are agenting in -- in london. virgin atlantic owned by sir rich and branson who owns a stake in virgin america airlines. >>> got milk? the reason fewer americans are drinking dairy. >>> first, cashmere sweaters. michael finney and consumer re >>> we come back. water vapor in the air, narrow band coming through during the evening and overnight hours and how fast that is moving on stream. increasing clouds during the dayligh
hsbc says it accepts responsibility for past mistakes. analysts point out the bank will earn back the fine in a little more than one month. >>> new this morning the air force is getting ready for another test flight of new experimental space plane pro row time of the x-37b will blast off into space today from cape canaveral, florida. this video provided by the air force, launch time set for 10 a.m., our time. the vehicle is being developed as reusable unmanned space vehicle. >>...
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Dec 11, 2012
12/12
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. >>> british banking giant hsbc agreed to pay $1.92 billion to settle a money laundering investigation here in the u.s. hsbc is accused of transferring billions of dollars for nations like iran doing business with firms linked to terrorism and enabling mexican drug cartels to move money illegally through u.s. subsidiaries. the settlement represents the largest pen the ever paid by a bank. >>> now pot is officially legal in colorado. people 21 and older may have up to 1 ounce of weed, smoke it, not in public and grow a small amount at home as well. the governor has created a task force to help implement the law. here's the problem. it's complicated. the federal government still says marijuana is illegal. >> rocky mountain high. i'll be the billionth person to say that. >>> countdown to double secret lift jop. the space plane is cleared to lift off at 1:05 p.m. eastern time from cape canaveral. this is an unmanned reusable mini verlgs of the space shuttle. it lifts off vertically and lands on auto pilot on a runway. no one knows what it's carrying. the cost to develop it, that is also cl
. >>> british banking giant hsbc agreed to pay $1.92 billion to settle a money laundering investigation here in the u.s. hsbc is accused of transferring billions of dollars for nations like iran doing business with firms linked to terrorism and enabling mexican drug cartels to move money illegally through u.s. subsidiaries. the settlement represents the largest pen the ever paid by a bank. >>> now pot is officially legal in colorado. people 21 and older may have up to 1 ounce...
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Dec 11, 2012
12/12
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KGO
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one big penalty, overnight hsbc agreed to pay 1.9 billion dollars in fines in return the company will not be indicted on money laundering. federal government selling off rest of shares in aig that closes books on biggest bailout shares worth eight billion dollars which means the government made a profit. record number of packages in the fed, pipeline this morning after busiest shipping -- the fedex pipeline this morning after its busiest shipping day. yesterday afternoon more than 19 million packages. beyonce and pepsi have a new partnership, besides the super bowl, beyonce will appear on everything from soda chance to store displays the deal thought to be >>> good morning. brr, 5:13 live look on the embarcadero it is clear out there you can feel the cold. mike is tracking temperatures as low as mid 30s especially north and east bay valleys, rain he says will be arriving tonight. >>> neighborhood watch volunteer charged the shooting death of a florida teenager will be back in court this morning. defense attorneys will ask a judge to end the 24 hour gps monitoring of george zimmerman i
one big penalty, overnight hsbc agreed to pay 1.9 billion dollars in fines in return the company will not be indicted on money laundering. federal government selling off rest of shares in aig that closes books on biggest bailout shares worth eight billion dollars which means the government made a profit. record number of packages in the fed, pipeline this morning after busiest shipping -- the fedex pipeline this morning after its busiest shipping day. yesterday afternoon more than 19 million...
WHUT (Howard University Television)
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Dec 31, 2012
12/12
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WHUT
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federal and new york state prosecutors have unveiled their $1.9 billion settlement with the banking giant hsbc for a massive money laundering scheme used by drug cartels and other illegal groups. >> you can do real time in jail and therefore doing ridiculous offenses, or taking it up two subway seats. people go to jail all the time in this country. for having a marijuana stem in your pocket. there are 50,000 marijuana- related cases in america alone every year. and here we have a bank money laundered billions of dollars and they cannot find anyone to put in jail. >> i had a chance to speak directly to leonard peltier when he called into a news conference organized by his lawyers and pete seeger. >> what would you do if you were free? >> probably go home on house arrest. that is the only thing i could expect. i do not think obama would do what bill clinton did. he is not going to give any clemencies until his last year. it is not going to happen. george bush signed the second chance act, which is house arrest, so we are pushing for that. if i do get house arrest, at least i can get some medical
federal and new york state prosecutors have unveiled their $1.9 billion settlement with the banking giant hsbc for a massive money laundering scheme used by drug cartels and other illegal groups. >> you can do real time in jail and therefore doing ridiculous offenses, or taking it up two subway seats. people go to jail all the time in this country. for having a marijuana stem in your pocket. there are 50,000 marijuana- related cases in america alone every year. and here we have a bank...
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Dec 23, 2012
12/12
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according to hsbc in 2000 mexican workers earned nearly five times the salary of their chinese peers. but by 2011, mexican workers were only about a third more expensive than chinese workers. when you project all these advantages into the next few years, mexico's economic future looks robust. the national intelligence council released an important report called "global trends 2030" one trend it looks at is how demographic changes will shape the world. countries with younger, more dynamic populations will grow faster. while the median age in mexico will be 30, 40, japan's median age will hit 52. america actually has an advantage here at 39. our median age will only be five years older than that of mexico's. trends don't ensure particular outcome, but it's clear that contrary to its global image, mexico's economy has momentum. it will be among the world's top ten economies by the end of this decade. smart reforms can build it further. the irony is that one possible impediment to mexico's growth could be the very country that is its biggest asset, the united states. if we slow down, so w
according to hsbc in 2000 mexican workers earned nearly five times the salary of their chinese peers. but by 2011, mexican workers were only about a third more expensive than chinese workers. when you project all these advantages into the next few years, mexico's economic future looks robust. the national intelligence council released an important report called "global trends 2030" one trend it looks at is how demographic changes will shape the world. countries with younger, more...
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Dec 11, 2012
12/12
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KGO
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. >>> in other news this morning, a monster legal sentiment will be finalized involving hsbc. the bank is settling a case brought by u.s. government and also authorities here in new york hsbc will pay $1.9 billion to settle accusations it illegally transferred money on behalf of sanctioned nations, including iran and help mexican drug cartels launder monday. >>> a florida woman has been found guilty of first degree murder for shooting a lottery winner in a plot to get his money. a jury in tampa convicted her of the 2009 murder of abraham shakespeare who had won $17 million. he was found buried in concrete in the backyard of her boyfriend. the judge called her cold, calculating, and cruel. >>> we now know the identity of the second lucky winner of that record powerball jackpot. matthew goode had tried to remain anonymous in claiming his share of the $587 million prize. yeah, that didn't happen. it was only a matter of time before his name was discovered. he is originally from pennsylvania, but moved to phoenix area last year. he took a one-time payout of $192 million, telling o
. >>> in other news this morning, a monster legal sentiment will be finalized involving hsbc. the bank is settling a case brought by u.s. government and also authorities here in new york hsbc will pay $1.9 billion to settle accusations it illegally transferred money on behalf of sanctioned nations, including iran and help mexican drug cartels launder monday. >>> a florida woman has been found guilty of first degree murder for shooting a lottery winner in a plot to get his...
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Dec 19, 2012
12/12
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CNBC
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it only was topped by the $1.9 billion penalty that hsbc agreed to last week to settle that money laundering probe. >> crazy thing that stock's up. it's leading the exchange there today because people had been expecting maybe a slightly higher fine even than that. three times the amount. it was supposedly taking place for five to seven years, 30 to 40 traders have left. pretty pervasive. >> i wonder how much they -- they make money or lose money after -- >> after all was said and done. $1.5 billion. >> probably lost. they did well. the libor stuff, if you can set rates -- >> well, and the crazy thing, it affects so many different instruments and so many people and so many businesses. >> right. >> i don't know that you could ever actually figure out all the implications from it. >> right. from everyone. and in a related story this morning, the f.t. reports that the new york fed was warned as early as mid 2008 that banks might have been misrepresenting their libor borrowing rate. that was to aid their own trading positions. and that date is much earlier than previously known. according to the
it only was topped by the $1.9 billion penalty that hsbc agreed to last week to settle that money laundering probe. >> crazy thing that stock's up. it's leading the exchange there today because people had been expecting maybe a slightly higher fine even than that. three times the amount. it was supposedly taking place for five to seven years, 30 to 40 traders have left. pretty pervasive. >> i wonder how much they -- they make money or lose money after -- >> after all was said...
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Dec 11, 2012
12/12
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. >>> and hsbc is expected to pay the government $1.9 million to settle accusations that the bank helped launder money for mexican drug cartels and for officials in iran. >>> and take a look at this. massive fireball that you'll see there, streaking across the sky over houston. unfortunately, it was not a ufo. simply a meteor that people saw before dawn, driving. very unfortunate. it was so bright, a camera caught it 500 miles away. had it been a ufo, obviously, a life-changer. >>> and it was supposed to be the game of the year between new england and houston last night. wasn't even close. even when things didn't go as planned, as you see here, well, the patriots took advantage, fumbling into the end zone. why not? tom brady and the patriots steamrolling the houston, texans. the new daddy threw for four scores. and right now, there's no doubt about who the kings of the hill are in the nfl. >> josh, thanks very much. >>> we're going to turn to the brazen shooting in midday, midtown manhattan, just steps away from carnegie hall. a young man executed. one bullet to the back of the head in a
. >>> and hsbc is expected to pay the government $1.9 million to settle accusations that the bank helped launder money for mexican drug cartels and for officials in iran. >>> and take a look at this. massive fireball that you'll see there, streaking across the sky over houston. unfortunately, it was not a ufo. simply a meteor that people saw before dawn, driving. very unfortunate. it was so bright, a camera caught it 500 miles away. had it been a ufo, obviously, a...
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Dec 11, 2012
12/12
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hsbc was accused of transferring money from drug cartels in mexico from the u.s. >>> 7:45. the 49ers suspended running back brandon jacobs who tweeted about his lack of playing time. now, jacobs will not be playing in the last three regular seasons games after he tweeted that he was rotting way on the 49ers' bench. on saturday, he tweeted "i don't understand why people are angry at me because i want to do what i'm paid to do." those tweets cost him about $300,000. >>> another 49er is getting attention as well but it is for his positive talents outside of playing newsroom. coming up, we'll take you inside vernon davis' art gallery opening. >>> there's something mysterious showing up on the beach in santa cruz. pam cook joins us with what scientists are saying about this dead squid situation. pam? >> yeah. it's very strange. they are called humboldt squid and hundreds have washed ashore in santa cruz county. scientists at the department of fish and game are now trying to figure out what happened. the squid appeared on sunday in beaches between rio delmar and pleasure point on
hsbc was accused of transferring money from drug cartels in mexico from the u.s. >>> 7:45. the 49ers suspended running back brandon jacobs who tweeted about his lack of playing time. now, jacobs will not be playing in the last three regular seasons games after he tweeted that he was rotting way on the 49ers' bench. on saturday, he tweeted "i don't understand why people are angry at me because i want to do what i'm paid to do." those tweets cost him about $300,000....